binance.com Website Traffic, Ranking, Analytics [November 2022] (2024)

FAQs

Which country uses Binance the most? ›

Website Traffic by Country

Binance.com's core audience is located in Russian Federation followed by India, and Turkey.

Binance.US is available to many, albeit not all, U.S. residents. It's important to note that this crypto exchange is not available to residents of Hawaii, New York, Texas and Vermont.

The company was founded in 2017 in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.

Due to increasing regulatory constraints, Binance first banned US customers in September 2019 and announced the creation of Binance.US through a partnership with BAM Trading Services.

The main differences between the two relate to financial regulations in the United States. Binance.US cannot legally offer all the same crypto assets that the main Binance exchange can. Besides these broader differences, there are also some practical differences when comparing Binance vs Binance.US.

What does Binance US report to the IRS? Currently, Binance issues 1099-MISC forms which include details of any income over $600 investors have made to the IRS. The IRS is currently developing a dedicated digital asset 1099 form, so in the future the information Binance US reports to the IRS may increase considerably.

1. After signing in to your Binance.US account, navigate to your 'Wallet' page from the menu bar at the top of your screen. 2. On the Wallet page, click 'Withdraw' in the top right corner.

Binance provides multiple trading platforms to support the trading of cryptocurrencies. These restricted countries include big names such as the US, Iran, Yemen, Zimbabwe, Venezuela, Albania, and North Korea.

Binance offers a relatively secure, versatile way to invest in and trade cryptocurrencies. Binance could be overwhelming for beginners and experienced traders alike. Binance offers lower fees than many other cryptocurrency exchanges.

Users in over 180 countries can trade on Binance, but only 46 states can use Binance.US, excluding Hawaii, New York, Texas, and Vermont.

Who is the owner of Binance? ›

Changpeng Zhao (Chinese: 赵长鹏; pinyin: Zhào Chángpéng), commonly known as "CZ", is a Chinese Canadian business executive. Zhao is the co-founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume as of July 2022.

The alarm over Binance increased amid reports that the company was failing to process withdrawals of USDC, one of the more widely used stablecoins pegged to the U.S. dollar. This is part of what made it feel urgent to map out the worst-case scenarios involving Binance, the executive at the rival company said.

"A collapse by Binance would destroy any remaining trust in the crypto industry leading to a further sell-off and the end of many crypto projects, possibly including some significant ones.

Binance is one of the safer exchanges compared to others. So if you're actively trading crypto and need to keep it on an exchange, Binance is a pretty secure choice. However, if you're holding large amounts of crypto long term, a private hardware wallet may be a better choice than keeping it on an exchange.

Bottom line. On what's probably the single most important feature of an exchange – cost – Binance gets the win. Low trading costs played into Binance being named the best crypto exchange for beginners by Bankrate. However, on the finer details, such as available coins, Coinbase wins outright or has a small advantage.

Binance.US is the number of available currencies. Coinbase Pro offers more than 170 coins, while Binance.US offers more than 90. As a result, if you want access to more digital assets and trading pairs, Coinbase Pro might be a better choice.

Binance.US customers can now also connect directly with a dedicated customer support agent using our Live Chat service. Live Chat is available 24/7, and joins our existing ticket-based email support solution. The new feature is available on app and web.

NordVPN – the best VPN for unblocking Binance

NordVPN is the best VPN for Binance unblocking in 2022. It has servers in Canada, Mexico, and other locations where this crypto trading platform is available. Additionally, this service offers top-notch security and privacy for cryptocurrency aficionados.

Regulators in the U.K. have banned Binance from operating in the country, while places like Hong Kong and Japan have issued warnings against the exchange.

Binance is Operational in Russia With Restrictions: Binance Exec | Video | CoinDesk.

Which countries use cryptocurrency the most? ›

Since Binance is restricted (or banned) in so many locations, VPN is an ideal workaround to bypass geo-restrictions and access Binance trading. We recommend using top-tier VPN providers, such as NordVPN, Surfshark, or other premium ones.

Other important factors to consider when researching alternatives to Binance include user interface and security. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to Binance, including Coinbase Exchange, UPHOLD, Poloniex, and LocalBitcoins.

In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens.

Binance.US was sued by an investor in TerraUSD who claims the cryptocurrency exchange flouted federal regulations, with “disastrous consequences” for its customers when the stablecoin crashed last month.

The company said the decision was made "taking into account strategic, commercial and developmental considerations globally." "We always put our users first, so our decision to close Binance.sg was not taken lightly," said Richard Teng, CEO of Binance Singapore.

Over the past few years, Binance has been making headway across Ukraine, promoting crypto adoption. In September 2022, Binance collaborated with Varus, a Ukrainian supermarket, to enable customers to make their grocery purchases via the Binance Pay Wallet.

The CryptoRuble is a digital currency currently in development, commissioned by Russian President Vladimir Putin. It will not be a cryptocurrency in the way that Bitcoin is, as it will be issued by the government with no mining involved.

Bitcoin was the most-mentioned cryptocurrency in Russian-speaking social media in October 2021.

Which country likes Bitcoin most? ›